Sanctuary Advisors LLC Raises Stock Holdings in The Cigna Group (NYSE:CI)

Sanctuary Advisors LLC raised its position in shares of The Cigna Group (NYSE:CI) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,099 shares of the health services provider’s stock after acquiring an additional 1,239 shares during the period. Sanctuary Advisors LLC’s holdings in The Cigna Group were worth $14,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Collier Financial bought a new position in shares of The Cigna Group during the 4th quarter valued at approximately $32,000. ORG Wealth Partners LLC bought a new position in shares of The Cigna Group during the 4th quarter valued at approximately $34,000. Prospera Private Wealth LLC bought a new position in shares of The Cigna Group during the 3rd quarter valued at approximately $37,000. Compagnie Lombard Odier SCmA bought a new position in shares of The Cigna Group during the 4th quarter valued at approximately $37,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of The Cigna Group during the 3rd quarter valued at approximately $45,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on CI. Deutsche Bank Aktiengesellschaft cut their target price on The Cigna Group from $398.00 to $394.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. StockNews.com downgraded The Cigna Group from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Royal Bank of Canada cut their target price on The Cigna Group from $384.00 to $377.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Truist Financial cut their price objective on The Cigna Group from $390.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Finally, UBS Group cut their price objective on The Cigna Group from $410.00 to $390.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, The Cigna Group currently has an average rating of “Moderate Buy” and an average target price of $373.69.

The Cigna Group Price Performance

Shares of CI stock opened at $294.75 on Wednesday. The Cigna Group has a twelve month low of $262.03 and a twelve month high of $370.83. The stock has a market capitalization of $81.98 billion, a price-to-earnings ratio of 24.08, a P/E/G ratio of 0.94 and a beta of 0.54. The stock has a fifty day simple moving average of $285.91 and a two-hundred day simple moving average of $320.38. The company has a current ratio of 0.66, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70.

The Cigna Group (NYSE:CI) last issued its quarterly earnings data on Thursday, January 30th. The health services provider reported $6.64 earnings per share for the quarter, missing analysts’ consensus estimates of $7.84 by ($1.20). The Cigna Group had a net margin of 1.39% and a return on equity of 18.61%. During the same period in the prior year, the company posted $6.79 EPS. On average, analysts predict that The Cigna Group will post 29.8 EPS for the current fiscal year.

The Cigna Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be given a dividend of $1.51 per share. This is a boost from The Cigna Group’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $6.04 dividend on an annualized basis and a yield of 2.05%. The Cigna Group’s dividend payout ratio is presently 45.75%.

The Cigna Group Company Profile

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers.